Third of British farmers made no profit in past year, report finds

Only 14% of farmers surveyed for Farmdex report had 10% or more profit margin amid drop in subsidies since Brexit

A third of British farmers are making a loss or breaking even as they struggle with the loss of subsidies and looming inheritance tax changes, a report on post-Brexit farming has found.

Only 14% of farmers surveyed for McCain Foods' inaugural Farmdex report said they made 10% or more profit in the past year. In fact, many are making no profit at all, with 35% of the farmers reporting making a loss or breaking even.